So I was initially aiming for 5% on this trade (see previous analysis), perhaps I was a bit eager to place my SL at 3% and managed to get taken out of the trade shortly after - Although I cant complain with 3% on this pair today!
Price has seen some resistance and buyers are losing control looking at the 1H chart. I predict either consolidation and continuation of price to the monthly resistance.
Or
We've approached the monthly resistance 'area' and may see a reversal in price when bears take over.
It's too early to see at the moment. I'm waiting on the next 12-24Hrs for a confirmation and i'll post an update... That's if I have Wi-Fi signal on my flight from Changmai-Koh Samui (currently travelling around Thailand!)
Let me know what your plans are for this pair!
Price has seen some resistance and buyers are losing control looking at the 1H chart. I predict either consolidation and continuation of price to the monthly resistance.
Or
We've approached the monthly resistance 'area' and may see a reversal in price when bears take over.
It's too early to see at the moment. I'm waiting on the next 12-24Hrs for a confirmation and i'll post an update... That's if I have Wi-Fi signal on my flight from Changmai-Koh Samui (currently travelling around Thailand!)
Let me know what your plans are for this pair!